Steve, you are obviously doing very well the way you are going, if its not broke don't fix it IMO, why keep all your eggs in one basket ?
The majority of guys that are spending $100,000+ on domains are very likely not even coming close to spending their yearly interest, they can comfortably afford to wait many years to sell if thats what it takes. A totally different league of investors !
Yes, take big gambles but don't gamble with your livelyhood, money is only money - money does not = happiness.
Funny now some members mention making a profit " over time " through appreciation or " via developement " at this level . You've missed the whole point of the thread I think ,couldn't be happier.
True gazzip, I wouldnt put all my eggs in one basket . I do not see it as a traditional risk vs. reward, rather the amount you are willing to risk based on your knowledge vs. reward. You see you should KNOW the market well enough to gauge a base value on a name and know you can exceed that on the open market in short order. So my only real risk is believing in my own judgement, not that there are buyers for the name .
Last edited by TheLegendaryJP : 09-07-2007 at 05:24 AM.
Steve,
I was looking at the .in sales at DnSalePrice.com, and Poker.in showed up at around $2500 in 2005.
I think most people here know that you eventually sold it for $60,000. To me, that is a huge profit.
What other business can give you such good results?
Personally, i would be willing to smash the piggy bank and buy a good name that will guarantee me a good return. Even though I've never bought a domain above low xxx figures (I'm a newbie. And a college student..), if someone had offered me Poker.in for $2000 two years back, I would've taken out loans, asked for money from friends, survived on Ramen for 2 years because my foresight would've told me that it'll be a good ROI
Once I have some more capital, I do plan to take out a loan and purchase a LLL.com
Btw, I think most of you've read this before, but this email serves as only a reminder that it is possible to make huge ROI within months: http://www.conceptualist.com/?p=313
